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1. New EU tariffs on Chinese EVs slow Cyprus’ shift to electric cars

The European Union's new tariffs on electric vehicles (EVs) imported from China, reaching as high as 35.3%, are expected to significantly impact Cyprus' already slow-moving EV market, according to a report by Kathimerini's Dorita Yiannakou....

2. ''The cost of the subsidies is borne by the state, not the citizens.''

''I am committed to lowering electricity prices,'' Minister of Energy Mr. Papanastasiou told us when he assumed office. Since then, we’ve watched in dismay as electricity prices have steadily risen, with various justifications that no longer convince anyone....

3. Tesla surges 12% on Trump’s election win, Musk’s $75M bet pays off

Tesla shares surged 12% in early trading Wednesday following Donald Trump’s victory in the U.S. presidential election, as investors anticipated potential advantages for Tesla and its CEO Elon Musk, a major Trump backer....

4. First affordable housing block for refugees in Cyprus to be ready in 20 months

In 20 months, the first apartment building under the government’s "KtiZO" Plan in the Apostolos Andreas Housing Settlement in Latsia will be completed....

5. Electricity subsidies and zero vat on essentials to end on October 1st

The Ministry of Finance announced today that starting October 1, 2024, it will stop the staggered electricity subsidy and the zero VAT rate on basic goods. These measures were designed to help households deal with rising costs of living....

6. Cyprus puts cancer battle at the heart of 2026 EU Council Presidency

Deputy Minister for European Affairs Marilena Raouna has said that as Cyprus prepares to undertake its second Presidency of the Council of the EU in January 2026......

7. Government revenue boosts Cyprus surplus to €702.5 million

The Republic of Cyprus recorded a significant fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary General Government fiscal results, released on Friday by the Statistical Service of Cyprus....

8. Cyprus government rakes in over €424M in surpluses this year

Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...

9. Cypriot students face €1,100 rents in Limassol

Rising rental prices are placing significant strain on individuals seeking housing in Cyprus and Greece, with particular challenges faced by incoming university students. ...

10. Cyprus grapples with displacement 50 years after Turkish invasion

The violent displacement of tens of thousands of Cypriots following the Turkish invasion in July 1974 remains a festering wound for Cyprus....

11. Cyprus surges in high-speed internet and tech jobs

Cyprus is making notable progress in its digital transformation, with coverage of very high capacity networks (VHCN) reaching 77.1% in 2023, a 28.5% increase from the previous year, according to the Deputy Ministry of Research, Innovation, and Digital Policy....

12. Cyprus sets course for cheaper electricity in 2025

Energy, Commerce, and Industry Minister George Papanastasiou unveiled Cyprus' ambitious plans for the Electricity Authority of Cyprus (EAC) during a press conference in Nicosia on Tuesday. ...

13. Cabinet expands subsidies for infertility treatment

The Cyprus Cabinet has greenlit an amended plan that significantly enhances subsidies for infertility treatment, Health Minister Michael Damianos announced Tuesday....

14. Cyprus has a long way to go when it comes to EV's

Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....

15. Government extends subsidies to ease cost of living crisis

The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....

16. Government extends electricity subsidies amid high temperatures

Cyprus will extend electricity subsidies until the end of October to help citizens cope with the high summer temperatures, President Nicos Christodoulides announced after a Cabinet meeting on Tuesday....

17. Will Cabinet decide to extend electricity subsidies?

The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....

18. Cyprus achieves €600 million fiscal surplus in Q1 2024

Cyprus generated a fiscal surplus close to €600 million in the first quarter of 2024, marking an increase of 58% year on year, driven by the rise in state revenue which exceeded the rise in spending....

19. Schools to close early on Friday due to heatwave

Education Minister Athina Michaelidou defended the government's decision to suspend classes early on Friday due to soaring temperatures, calling it a balanced approach despite inevitable discontent....

20. EU to impose up to 25% tax on imported Chinese EVs

The European Commission is set to notify car makers on Wednesday that it will provisionally apply additional duties of up to 25% on imported Chinese electric vehicles (EVs) starting next month, according to the Financial Times, citing sources familiar with the matter....

21. Cyprus inflation could offset ECB rate cut benefits

The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...

22. Cyprus wins IMF praise for strong recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

23. China's leader targets Hungary, Serbia for investments

Chinese leader Xi Jinping will spend most of his five-day tour in Europe this week in two small countries in the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in Europe....

24. Few coal plants to survive stricter US regulations

New climate rules imposed by Joe Biden’s administration requiring huge cuts in carbon pollution from coal-fired power plants will accelerate the decline of an industry that until recently provided most of America’s power, experts say, potentially even dealing a death blow to coal in the US....

25. MP Neofytou proposes €11,000 immediate payout for solidarity fund recipients

Democratic Rally MP Averof Neophytou has unveiled a groundbreaking initiative aimed at alleviating financial burdens for beneficiaries of the Solidarity Fund....

26. Imported wine squeezes Cyprus market

According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...

27. Cyprus ends 2023 with €918.7 million fiscal surplus

Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....

28. Cyprus faces migration crisis amid infrastructure strain

Cyprus is facing a mounting migration crisis as data obtained by K on Thursday reveals a surge in illegal immigrant arrivals, straining the government's resources and raising concerns about a humanitarian emergency....

29. EU probes Chinese subsidy claims in Romania solar tender

30. Can high-speed trains boost birth rates in South Korea?

In a bold move to combat its plummeting birth rates, South Korea has unveiled a groundbreaking initiative: the Great Train eXpress (GTX)....